Neptune European Opportunities

“Rob Burnett is pretty bullish on Europe – thinks the crisis is fading and the continent has turned a corner. He’s avoiding high quality defensives and taking some cyclical risk instead. It means the fund suffered in the recent rally as defensives led and he was underweight these areas, but if you believe growth and recovery are round the corner as he does, it should do well. He’s overweight financials (likes banks as they are discounting a prolonged recession which he doesn’t see happening), industrials and consumer discretionary stocks.”